Over 50% individuals feel savings not enough for future, finds study

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Over 50% individuals feel savings not enough for future, finds study - Business Standard

Quick Summary:

The study of individuals in the age group of 35 to 54 years who financially provide for their ageing parents and growing children found that 60 per cent of respondents feel their savings are not enough for future.

More than half of Indians surveyed feel unprepared for their future despite having a detailed financial plan or having done some degree of planning, says a study.

A majority 94 per cent of respondents said they either have a detailed financial plan or have done some degree of planning, the study, which surveyed more than 4,000 people across 12 cities across India, said.